HORSE
YOUR WHITE HORSE REAL ESTATE SPECIALIST
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WHITE HORSE J A N U A RY | F E B R U A RY 2 0 2 0
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It’s A Seller’s Market!
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The Phoenix Real Estate market is considered a seller’s market with a 2.2-month supply of unsold single-family detached homes for sale based upon 8,032 sales in November with a current inventory of 18,322 active properties. As our spring market ramps up, inventory levels will continue to shrink.
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Pima Road
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So what can we expect for 2020? If you’re considering selling, you should be in the driver’s seat. If you’re looking to buy, it might be smart to do so sooner rather than later.
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Does this mean prices are skyrocketing? Not necessarily. Our current situation reminds us of 2004 with the huge imbalance between supply and demand but the big difference is that we were seeing large price increases whereas in today’s market, prices are increasing at a gradual pace.
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THINKING OF SELLING?
SOLD AVAILABLE LOTS
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See how Kevin will get your home SOLD at: YourSellingAdvantage.com
Avg Price Per SqFt
2019 Nov
$287
Days on Market
Months Supply/ Inventory
# of Properties Sold
107
4.9
83
2019 Nov
2019 Nov
2019 Nov
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Positive/Negative Market Trend
85255 STATS | LAST MONTH VS. LAST MONTH 2018
KEVIN OWENS REALTOR ® 480.217.9184
FOLLOW KEVIN:
TWO
Pima Road
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2018 Nov
2018 Nov
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2018 Nov
$294
k e v i n o w e n s re a l t o r
108
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a z re a l t o r k e v i n
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fineAZliving.com
Y O U R W H I T E H O R S E R E A L E S TAT E S P E C I A L I S T 480.217.9184 | kevin@fineAZliving.com | www.fineAZliving.com If your home is currently listed with a REALTOR, please disregard this notice. It is not our intention to solicit the offers of other brokerages.
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Market Update Presented
By Kevin Owens!